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Property profile & analytics
FOR LEASE
Industrial properties
20 Garland Dr Stamford, CT 06907
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US15-0916735
For Lease
1 / 19
$1,930,000
20 Garland Dr, Stamford, CT 06907
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1951
Construction
FRAME
Total area
12,736 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RM-1
APN
STAM M:001 B:1608
UPID
US15-0916735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SERVPRO of Stamford Hardware & Home Improvement Construction Company
-
Gutter Guys Hardware & Home Improvement General Contractor
-
Spring Gutter Strainer Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.93M
Owner & transaction history
20 Garland LLC · 5 yrs held
20 Garland LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
RM-1 · Stamford, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+12.7%
Apartment house (5+ units)
$2.8M
+5.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Stamford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stamford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,870,000
ML approach
$2,020,000
CAP Approach
CAP Return
Estimation
6%
$2,385,000
6.5%
$2,200,000
7%
$2,045,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,640,000
Current use
AUTO REPAIR, GARAGE
$2,975,000
Change: +13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,790,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$2,365,000
Change: -10% · Conversion: Moderate
OFFICE BUILDING
$2,240,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $1.91M (May 17 2021)
Last sale anchor
$1.91M
May 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,064
Tax year 2023
Assessed value
$1,289,770
Assessed 2023
Previous assessed
$1,289,770
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$595,740
Assessed improvement
$694,030
Applied tax rate
112.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
12,736 SF
Lot
0.34 ac (14,810 SF)
Zoning code
RM-1
APN
STAM M:001 B:1608
UPID
US15-0916735
Jurisdiction
STAMFORD
Zoning & alternative use
RM-1 · Stamford, CT
Zoning RM-1 · permitted uses
RM-1 · Stamford, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stamford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
20 Garland LLC
Entity
Mailing address
20 GARLAND DR, STAMFORD, CT 06907-1820
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2021
$1,914,000
20 Garland LLC
Pelli Holdings LLC
Warranty Deed
$776,000 · Housatonic Industrial
May 17, 2021
—
20 Garland LLC
—
Deed
related
$200,000 · First County Bank
Jan 21, 2021
—
Joseph Pelli
Garrity Family LP
Quit Claim Deed
related
—
May 24, 2012
$245,000
Pelli Holdings LLC
Amalgamated Produce INC
Warranty Deed
—
Apr 25, 2005
$900,000
Joseph Pelli
Garrity Family LP
Warranty Deed
$857,000 · Hudson National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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